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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Truck terminals
404 Bumgarner Industrial SW Dr Conover, NC 28613
Entity Owned
Free & Clear
Property ID
US53-2220905
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1995
Total area
78,970 SF
Lot
14.21 ac (618,988 SF)
Zoning code
B-4
APN
3731-10-47-4125
UPID
US53-2220905
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cargo Integrated Logistics, Inc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
SPARTAN GROUP FIVE LLC
SPARTAN GROUP FIVE LLC
Zoning & alternative use
B-4 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides a location for larger scale businesses and services which do not necessarily require a central location and may serve the surrounding region. These businesses and services typically locate in areas with high capacity transportation networks. Lots in the B 4 District serving a residential purpose in conformance with the Conover Code of…
Zone name
General Business
General category
COMMERCIAL
Zone area
629.69 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Conover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,299
Tax year 2023
Assessed value
$2,684,200
Assessed 2023
Previous assessed
$2,684,200
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$234,700
Assessed improvement
$2,449,500
Land market value
$234,700
Improvement market value
$2,449,500
Total market value
$2,684,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
NONE
Stories
1
Units
85
Total area
78,970 SF
Lot
14.21 ac (618,988 SF)
Zoning code
B-4
APN
3731-10-47-4125
UPID
US53-2220905
Jurisdiction
CATAWBA
Zoning & alternative use
B-4 · Conover, NCZoning B-4 · permitted uses
B-4 · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides a location for larger scale businesses and services which do not necessarily require a central location and may serve the surrounding region. These businesses and services typically locate in areas with high capacity transportation networks. Lots in the B 4 District serving a residential purpose in conformance with the Conover Code of Ordinances on January 1st, 2020 shall be deemed to be conforming. Permits for new residential construction in the B 4 District will not be issued after January 1st, 2020.
Zone name
General Business
General category
COMMERCIAL
Zone area
629.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Cooling
Yes
Stories
1
Units
85
Lot
14.21 ac
Current owner
From public records · entity-resolved
SPARTAN GROUP FIVE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 910, NEWTON, NC 28658-0910
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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